(b>) As security for the due and Proper performance of all the
covenants and agreements in this Coatract contained the Developer
covenants and agrees to deposit with the Municipality by Letter of
Credit the sum of Twenty-seven Thousand Seven Hundred Thirty-seven =~
($27,737.00) Dollars. ,

(c) The Developer further covenants and agrees to contribute
forthvith co the Municipality the sum of Eleven Thousand Six Hundred
Ninety-six ($11,696.00) Dollars being the net total of chose amounts set
out in Section 2 of Schedule "D" hereto required to facilitate servicing
of the cevelopcent proposed herein and which the Municipality covenants
and agrees to apply to the cost of those works and services set out in
the said Sectien 2 of Schedule "D" hereto.

(€) The Developer agrees that if the works specified herein are

not completed pursuant to the provisions of this section and the aforesaid .

Schecule "D", the Municipality say complete the works at the cost of the
Developer and deduct from the deposit held by the Municipality the cost
of such ¢oupletion, and the balance of the deposit shall be returned to
the Developer, less any adainistration fees required. If there is
insufficient money on deposit with the Municipality, then the Developer
will pay such deficiency to the Municipality immediately upon receipt of
the Municipality's bill for completion. It is understood that the
Municipality nay do such work either by itself or by contractors employed
by the Municipality. If the works are completed as herein provided,
then the deposit, less administration fees, shall be returned to the
Develépets
Upgrading of Public Works:

“343. (a) The Developer covenants and agrees to apply for a building
perait under the provisions of the "City of Port Coquitlam Building and
Pluzbing Code Administration By-law, 1974, No, 1298" and pay the requisite
building perzic and plumbing permit fees prescribed therein.

{b) The Developer further covenants and agrees to pay to the
Municipality the sum of $300.00 for each self-contained housing unit to
be constructed by the development authorized herein which said sum the

City shall credit to the Waterworks Utility Capital Replacement Fund to

assist in defraying the excessive costs incurred by the Municipality for

improvements to the watervorks system made necessary by the increased
population and service requirements created by the development authorized

herein,

oo

Deposit of Debris on Roads and Nuisances:

14. The Developer covenants and agreés not to deposit any material
or debris upon any roads during the construction of the said work and to
continuously caery on the construction of the said work {in a good and
proper workmanlike panner causing es little disturbance to neighbouring
properties es is reasonable under the circumstances. In the event that
any material or debris should be deposited upon any road during the
construction of the work or should the construction by the Developer
constitute a nuisance to neighbouring properties of the work the Developer
covenants and agrees that the Municipality may forthwith remove such

material or debris or put right such nuisance at the expense of the

Developer, the cost thereof to be determined by the Engineer. In the

event that construction of the work ceases for any period of tine in
excess of thirty days the Developer covenants and agrees that the
Municipality may forthwith enter upon the property and construct thereen
a solid board fence not greater than efght feet in height nor less than
six feet in height surrounding the entire perimeter of the project and
that ia so doing the Municipality accepts no responsibility for the
suitability or adequacy of the said fence erected for the benefit of the
said Developer and for which the Developer covenants and agrees to
accept full responsibility and to save harnless the Municipality fron
each and every action and claim which nay be brought or arise as a
result thereof, In the event that any invoice of the Municipality for
the removal of such material or debris or construction of the fence
shall remain unpaid after thirty days of receipt of the sane by the
Developer the Municipality is authorized to deduct the apount of such
davoice from the deposit referred to in Section 12 hereof.

Maintenance of Works by Developer:

15. , The Developer covenants and agrees to:
(a) Maintain 211 of the said works to be built pursuant to this
Contract in cowplete repair for a period of one (1) “year from the

completion thereof ss certified by the Municipal Engineer.